Rotherham-based Wright Printing Services Ltd has recently received the first tranche of a planned £500,000 investment from South Yorkshire Investment Fund (SYIF). Wright Printing Services (WPS) whose customers are print management organisations, brokers and in some instances other printers, produce a vast range of printed products for use in the financial services, retail and a variety of other sectors.
WPS employs 42 full and part-time staff and occupies 26,000 sq ft premises at Hellaby and the company was bought by Ian Wright and Emma Dutton in 2008.
Ian Wright, managing director and Emma Dutton, finance director at WPS are delighted to have been able to attract investment from SYIF at this important stage of businesses development.
Ian said: "The company is currently working on plans to improve its reprographics systems, to ensure the technology and capacity are in place to support the anticipated growth in revenue planned over the next few years."
WPS produces a variety of products ranging from stationery to full colour brochures and folders, and offers its customers an almost unique level of diversity, making WPS one of the leading trade printers in the UK. But like most of the manufacturing industry, WPS has been challenged through the recession - but clear objectives and a passion for success have been rewarded with record sales in each of the last three months.
Paul Betts, investment manager at SYIF said "Our investment in WPS demonstrates our confidence in the Management Team and the company's ability to grow the business, which will be helped as the economy strengthens. They are well positioned to capitalise as things improve."
Irwin Mitchell advised SYIF on the investment.
WPS website
SYIF website
RotherhamImages: SYIF
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